3 new Indonesian sukuk worth $2.75 billion on Nasdaq Dubai

The Nasdaq Dubai Stock Exchange welcomed three sukuk issuances issued by Indonesia, with a total value of $2.75 billion, as part of Indonesia’s $45 billion sukuk certification program.

The stock exchange stated, in a statement yesterday, that this is the fourth time this year that Indonesia has issued sukuks in the financial markets in US dollars, becoming the only country in Asia to achieve this important achievement, which reflects the widespread demand and strong level of demand from investors for government issuances. Indonesian.

She explained that the new listed sukuk tranches include sukuk certificates worth $1.1 billion with a profit rate of 5.00%, due in 2030, in addition to sukuk certificates worth $900 million with a profit rate of 5.25%, due in 2034, and sukuk certificates worth $750 million with a profit rate. 5.65%, due in 2054.

Subscription to the new sukuk exceeded the target value by 1.8 times, which demonstrates the strong interest from international investors and enhances confidence in the growth path of the Indonesian economy.

Thus, the total value of Sukuks listed in Dubai reaches $98.9 billion, confirming the emirate’s position as the largest global destination for listing Sukuks.

The government of Indonesia is one of the largest issuers of sukuks on Nasdaq Dubai, and with this issuance, the total value of sukuks listed by the Indonesian government on the stock exchange rises to $24.6 billion through 21 listings.

To celebrate the listing process, the Indonesian Ambassador to the UAE, Hussein Bagis, rang the opening bell of the trading session at Nasdaq Dubai, along with the Financial Attaché at the Indonesian Embassy in Abu Dhabi, Eko N. M. Saputro, representing the government of Indonesia, and the CEO of Nasdaq. Dubai” and Dubai Financial Market, Hamed Ali.

Bagis said: “The three sukuk issuances by Indonesia constituted an exceptional achievement. Despite the global financial challenges, the government succeeded in entering the market and attracting the interest of a diverse group of investors.”

For his part, Ali said: “We welcome the latest Sukuk issuances from Indonesia at Nasdaq Dubai, which constitutes an important achievement and reflects the strong partnership between Indonesia and Dubai, and also confirms the stock exchange’s position as a leading global center for Islamic finance.”